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The Department of Revenue for the state of Arizona recently released a statement informing taxpayers that the 1099-G forms it had issued contained incorrect information. The issue is that the 1099-G forms restated the tax refund information from tax year …

For decades, we’ve all dreaded the task of tracking vehicle miles for tax purposes. But it’s always a good idea, always something the IRS Agents ask for in our office whenever auto expenses are included in an audit, and is …

You’re going to love this one but you’ll need a little background in two areas first. BitCoin is an emerging form of currency that’s essentially tracked as an electronic balance instead of printed on paper (like dollar bills) or minted …

Taxes themselves are a hassle. But even worse is the prospect of an audit after you’ve filed. So knowing what increases and decreases the probability of an audit is something we’ve made our business. Here are the top audit flags …

Mark December 7, 2016 on your calendar as the beginning of Tax Reform! It’s likely a date that slipped by pretty much everyone but I’m saying it’s the beginning of a continuing series of adjustments, rollbacks, and new provisions/laws that …

The Revenue Code generally requires that taxpayers depreciate the costs of durable goods and equipment over the life of the item. Because it is a durable good, the IRS would say that a $10 electric pencil sharpener must have its …

With the election of Donald J. Trump as the next President, and both House and Senate now in control of Republican hands, a tax reform bill has a very real chance of becoming law. What makes this even more likely …

How about some good news associated with taxes? Here’s the scenario – you decide to pull funds out of a retirement account so you can put them in a new one (reasons to do this might be changing jobs, better …

We’ve reported several times in the past about the ongoing cuts to the IRS budget – now at just under $11 Billion. A new report released earlier this month by the Treasury Inspector General for Tax Administration shows the surprising …

Arizona’s Legislature has once again approved a tax amnesty program – if you owe taxes to the state of Arizona for just about any reason, you may be able to cut a deal and get ALL penalties and interest waived. …